Mirae Asset Global Investments Co. Ltd. Purchases 11,480 Shares of Packaging Corporation of America $PKG

Mirae Asset Global Investments Co. Ltd. increased its position in Packaging Corporation of America (NYSE:PKG) by 12.4% during the second quarter, Holdings Channel.com reports. The firm owned 104,120 shares of the industrial products company’s stock after buying an additional 11,480 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Packaging Corporation of America were worth $19,621,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Forza Wealth Management LLC raised its position in Packaging Corporation of America by 2.8% in the 2nd quarter. Forza Wealth Management LLC now owns 2,076 shares of the industrial products company’s stock valued at $391,000 after buying an additional 56 shares during the last quarter. Manchester Capital Management LLC raised its position in Packaging Corporation of America by 39.0% in the 1st quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company’s stock valued at $40,000 after buying an additional 57 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after buying an additional 57 shares during the last quarter. Bruce G. Allen Investments LLC raised its position in Packaging Corporation of America by 72.2% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 136 shares of the industrial products company’s stock valued at $26,000 after buying an additional 57 shares during the last quarter. Finally, Cary Street Partners Financial LLC raised its position in Packaging Corporation of America by 0.7% in the 1st quarter. Cary Street Partners Financial LLC now owns 8,759 shares of the industrial products company’s stock valued at $1,735,000 after buying an additional 59 shares during the last quarter. 89.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Mark W. Kowlzan sold 25,000 shares of Packaging Corporation of America stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $215.97, for a total value of $5,399,250.00. Following the completion of the sale, the chief executive officer owned 437,378 shares of the company’s stock, valued at approximately $94,460,526.66. This trade represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on PKG. Wells Fargo & Company increased their price target on Packaging Corporation of America from $180.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Zacks Research raised Packaging Corporation of America from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Packaging Corporation of America in a research report on Saturday, September 27th. UBS Group raised their target price on Packaging Corporation of America from $210.00 to $220.00 and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Finally, Citigroup raised their target price on Packaging Corporation of America from $197.00 to $214.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.83.

Packaging Corporation of America Trading Down 0.4%

Shares of Packaging Corporation of America stock opened at $214.75 on Friday. The stock has a fifty day moving average price of $208.05 and a 200-day moving average price of $197.90. Packaging Corporation of America has a 1 year low of $172.71 and a 1 year high of $250.82. The firm has a market cap of $19.32 billion, a PE ratio of 21.43, a P/E/G ratio of 1.84 and a beta of 0.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.54 and a quick ratio of 2.32.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.04. Packaging Corporation of America had a return on equity of 20.08% and a net margin of 10.47%.The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm posted $2.20 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Equities research analysts anticipate that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.3%. Packaging Corporation of America’s dividend payout ratio (DPR) is 49.90%.

About Packaging Corporation of America

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.